Swap Collateral Cash Account definition

Swap Collateral Cash Account means the Euro denominated collateral account established in the name of the Guarantor with the Account Bank, IBAN IT 36 Q 03479 01600 000800951305, or such other substitute account as may be opened in accordance with the Cash Allocation, Management and Payments Agreement.

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Swap Collateral Cash Account means the account IBAN No. GB29 PARB 6095 8870 2266 71 and any collateral account with respect to each Swap Provider, opened, in name and on behalf of the Guarantor, with the Swap Collateral Account Bank on which each Swap Collateral in the form of cash is and/or will be posted in accordance with the relevant Swap Agreement and the English Account Bank Agreement.

Swap Collateral Cash Account means an account opened in the name of the Current Issuer for the purpose of holding Swap Collateral in cash and maintained in accordance with the terms of the Current Issuer Cash Management Agreement;

Examples of Swap Collateral Cash Account in a sentence

• The Current Issuer Cash Manager shall take all reasonable steps to ensure that it receives a monthly bank statement in relation to each Current Issuer Transaction Account and Swap Collateral Cash Account and that it furnishes a copy of such statements to the Current Issuer, with a copy to the Note Trustee upon its request.

• The Issuer Cash Manager shall take all reasonable steps to ensure that it receives a monthly bank statement in relation to each Issuer Transaction Account and the Swap Collateral Cash Account and that it furnishes a copy of such statements to the Master Issuer, with a copy to the Issuer Security Trustee upon its request.

• The Issuer Account Bank acknowledges that the Deposit Account Mandate, the Swap Collateral Cash Account Mandate and any other mandates delivered from time to time pursuant to the terms of this Agreement shall, notwithstanding anything to the contrary therein, be subject to the terms of the Deed of Charge and this Agreement and in the event of any conflict between the Deposit Account Mandate or the Swap Collateral Cash Account Mandate and this Agreement, the terms of this Agreement shall prevail.

• We agree that you are not bound to enquire whether the right of the Security Trustee to withdraw any monies from the Deposit Account, the Swap Collateral Cash Account and any additional Issuer Account held with you has arisen or be concerned with (A) the propriety or regularity of the exercise of that right or (B) notice to the contrary or (C) to be responsible for the application of any monies received by the Security Trustee.

• For the avoidance of doubt, only sterling Cash may be deposited into the Swap Collateral Cash Account and no other currencies or securities will be held in the Swap Collateral Cash Account.

• The Issuer Cash Manager shall take all reasonable steps to ensure that it receives a monthly bank statement in relation to the Issuer Transaction Account and Swap Collateral Cash Account and that it furnishes a copy of such statements to the Master Issuer, with a copy to the Issuer Security Trustee upon its request.

• The Issuer Account Bank confirms that the Deposit Account and the Swap Collateral Cash Account denominated in sterling have been opened in the name of the Issuer on or prior to the Closing Date and will operate in accordance with this Agreement.

• You, as Issuer Account Bank, shall not be deemed to be a trustee for the Security Trustee of the Deposit Account, the Swap Collateral Cash Account and any additional Issuer Account held by us with you.

More Definitions of Swap Collateral Cash Account

Swap Collateral Cash Account means an account opened in the name of the Current Issuer for the purpose of holding Swap Collateral in Cash and maintained in accordance with the terms of the Current Issuer Cash Management Agreement;

Swap Collateral Cash Account means any collateral account with respect to each Swap Provider, which may be opened, in name and on behalf of the Guarantor, with the Swap Collateral Account Bank on which each Swap Collateral in the form of cash may be posted in accordance with the relevant Swap Agreement and the Cash, Allocation, Management and Payments Agreement.

Swap Collateral Cash Account. ’ means an account opened in the name of the Current Issuer for the purpose of holding Swap Collateral in cash and maintained in accordance with the terms of the Current Issuer Cash Management Agreement;

Swap Collateral Cash Account means any Swap Collateral Account for the purpose of holding Swap Collateral in the form of cash;

Swap Collateral Cash Account means the Euro denominated collateral account that may be opened in the name of the Guarantor with the Account Bank or such other substitute account as may be opened in accordance with the Cash, Management and Agency Agreement.